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FOX News
Apr 7, 2010 9:00am EDT
of moments on the search for four missing miners in west virginia. families, holding on to hope for a miracle today. we're going to to look at the upper big branch mine, safety crews say crews are making some progress since monday's blast that killed at least 25. talking to someone about the risks they face in a moment stand by for that here. >>> in the meantime, there's new word of a major shift in foreign policy, reports say the white house is rewriting the document that identifies the biggest threat to national security, removing islamic references, including those that involve jihad and islamic extremism. that's an about face from the previous administration. good morning, everybody, i'm bill hemmer, welcome to america us -- to "america's newsroom". martha: that's going to get a lot of attention. good morning, bill, good morning, everybody at home, i'm martha maccallum, the obama administration has already sort of shunned the phrase the war on terror, so widely used burg the -- during the bush administration. sources say this new change in the language, wee moving that word, islamic, with
Apr 23, 2010 6:00am EDT
spring into bethesda. here we are crossing the american legion bridge as we head into virginia. can you see all of your lanes are wide open and looking great right there. we do have delays reported 210 northbound from old forth fort road to palmer road inform you are traveling d.c. 295 headed onto howard road, the signals are now fixed. 395 northbound right here just before seminary road in the hov lanes. disabled bus blocks the right side of the roadway so just stay to the left. not affecting traffic with the lighter volume. that's a check of your fox 5 on-time traffic. >>> police in virginia are trying to figure out how a body wound up in a pond in manassas. crews recovered the body around 10:30 last night. it was in a pond behind a apartment complex. there was a report of a missing man in the last couple of days but investigators say right now they are not sure if the body found is that of the missing man. >>> all charges dropped now against the 14-year-old arrested in last month's shooting spree. the city now says 14-year-old malik carter had nothing to do with the south capital str
Apr 6, 2010 9:00am EDT
and controversial figure. back in 2004, he spent $3 million of his own money to help unseat a west virginia state supreme court justice who had ruled against the company. but those contributions triggered a landmark ruling from the u.s. supreme court when the judge who won that election refused to recuse himself from a lawsuit involving massey. however, when that case went back to the west virginia supreme court, that earlier ruling favoring massey and setting aside a $50 million verdict was upheld. david? >> as we get set to send it over to bob pisani on the floor of the new york stock exchange, will we hit 11,000 today? there is a look at the s&p. everything is looking down just a bit in terms of where we were on fair value. take it away, mr. pisani. >> 27 points. david, we were at, what, 10,700 weeks ago. went up 10% in seven weeks. not bad. april is the best month for the dow. it is not january, february. historically the dow is up about 2% on the month already. we're up 1.1%. we'll get the fomc this afternoon. that might put us over the top, only a matter of time from this point on. big move
Apr 1, 2010 7:00am EDT
, risks versus the benefits for the nation. arlington, virginia. jason, republican line. caller: thank you for having me. my only point, like you just read in the article, what is the benefit? we are going to go ahead and we are going to go and try and however open ended this search for the 2% is going to be, you don't think that the people -- like the gentleman from texas -- texas, will people -- the oil people, if they figure out whether already oil like that, they would be taxing it already. like touched on, it would not go past delaware -- where joe biden on -- joe biden is, john carey -- but virginia is a go. i don't like it. host: your state officials seem enthusiastic. caller: i don't understand where the enthusiasm comes from. what is it going to exactly do for virginia? how long will it take and what will this take independence from? host: arlington, virginia. near washington. next is a call from virginia, this is a town of zero would -- william, democrats. caller: i think this would be a good thing. when i was being raised that i was told we were a superpower and we had all the n
Apr 8, 2010 5:00am EDT
the decision to bring back confederate history month in the state of virginia? email us your response to and officials say someone tied a dog to a pole on easter sunday. and a group of kids around 13 years old pummelled the dog with bricks. a man tried to save the dog and was hit by the bricks. they both are doing well. the dog will soon be put up for adoption. >> the search for four missing coal miners in virginia could resume today. a vigil was held last night to honor the 25 miners who lost their lives during an explosion. one survivor spoke about the incident. >> there was very severe wind, dust, dirt, debris blowing. these guys are still in there. [crying] a lot of my very good buddies. people do not understand the camaraderie between coal miners. >> officials say it is unlikely they will find the remaining four miners alive. coming up, talks between air carriers may mean you will pay more this summer. >> a soldier captured in afghanistan. >> more weather and traffic w >> welcome back. 73 degrees at the maryland science center. a warm start for us. it will
Apr 12, 2010 4:00am EDT
explosion at a west virginia mine killed 29 people today they'll begin the grim task of trying to figure out what went wrong. authorities are blaming high levels of methane gas for the deadly blast, toxins that are now holding up the recovery of the remaining bodies inside. >>> in northern ireland, an early morning car bombing outside a spy agency is being blamed on the irish republicanen party. it came just hours before police and justice pours were being transferred. no serious injuries have been report jood new details in the death of beloved stage and screen actress dixie carter. according to her publicist, she died in houston saturday of complications due to cancer. and imagine battling a sticky bolt. 215 mile ace above the earth. that's what two crew members of the space shuttle "discovery" did sunday before they successfully attached a cooling tank to the international space station. >>> and now here's an early look at how wall street will open today. the s&p nudged up 7 points, the nasdaq went up 17 points. taking a look at overseas trading that morning, in tokyo, the nikkei rose 47
Apr 26, 2010 12:00pm EDT
eastern here on c-span2. >> west virginia held a memorial yesterday for the 29 miners killed earlier this month in the worst u.s. mine disaster in 40 years. massey energy companies said air samples didn't show high enough levels of explosive gases just before the explosion. i look now at yesterday's memorial service for those miners that this portion is about an hour and a half. >> jason madden atkins. [applause] [silence] [silence] carl "peewee" acord. [applause] [silence] [silence] james "eddie" moone. [applause] [silence] [silence] joshua scott napper. [applause] [silence] [silence] [silence] kenneth a. chapman, sr. [applause] [silence] [silence] [silence] [silence] [silence] timmy davis. [applause] [silence] [silence] benny r. willingham. [applause] [silence] [silence] [silence] [silence] gregory steven brock. [applause] [silence] [silence] cory thomas davis. [applause] [silence] [silence] [silence] steven j. "smiley" harrah. [applause] [silence] [silence] [silence] nicolas mccroskey. [applause] [silence] [silence] christopher lee bell, sr. [applause] [silence] [silence] [silence
Apr 15, 2010 2:00am EDT
. the speaker pro tempore: the gentleman from west virginia is recognized for three minutes. mr. mollohan: mr. speaker, mr. chairman, i thank the gentleman from california for yielding. and i thank him also for his leadership on mine safety and workplace safety. mr. speaker, i would also like to thank the sponsor of this resolution, my colleague from west virginia's third congressional district, nick rahall. coal miners and the coal industry have no greater champion than the chairman of the natural resources committee, chairman rahall. mr. speaker, tragedy has visited west virginia's coal mines again. if a -- as a visitor, our state knows all too well the names of the communities changed with each visit and the years as well. monanga in 1907, farmington in 1968, sago in 2006 and now raleigh county, april, 2010. the names change, mr. speaker, but the grief and the sorrow, they stay exactly the same. the mother who lost her son last week is united with the sister who lost her brother in 1968 and the daughter who lost her father in 1907. mr. speaker, shy of two million people live in my state, m
Apr 9, 2010 7:00am EDT
in west virginia where four are missing after a huge search operation. 25 people were killed in the blast and the coal mine, which was the worst mining disasters in the u.s. for more than 25 years. if the rescue has been abandoned several times because lethal gases in the tunnels. a the governing party in sri lanka say it won the first parliamentary elections. it is expected to get a clear majority but to fall short of the two-thirds needed to amend the constitution. the first parliamentary elections in sri lanka since the end of the civil war last year the opposition candidate to lead the offensive against the tamil tigers protest that the elections from jail where he is facing court-martial. >> the general, who became like a cause celebre by standing against the president in january, his party is a very poor third at the moment. he of course is languishing in captivity in the naval headquarters. the results so far is that he has no seats at all. >> the debt crisis in greece has deepened it with a borrowing costs soaring to a new high. the yield on the 10-year government bonds, the rate
Apr 28, 2010 4:00am EDT
's coast. the spreading slick is now slightly larger than the state of west virginia. in a desperate attempt to keep the oil from washing ashore, coast guard officials say they're considering setting fires to burn off the crude. what a sight there. >>> and now here's an early look at how wall street will kick off the day. the dow opens at 10,991 after tumbling 213. the s&p fell 28 points. the nasdaq lost 51 points. taking a look at overseas trading this this morning, in tokyo the nikkei dropped the 87 while in hong kong the hang seng went down 312 points. >>> in today's world, anyone who thinks the problems of a small country halfway around the world can't affect their life needs a reboot. yesterday here in the u.s. and this morning in asia stock markets have been reeling, thanks to the debt problems of greece. stocks plunged on wall street after standard & poor's downgraded greece's debt to junk status and investors worldwide saw their greatest fierce, the spread of european insolvency realized. they were downgraded two notches. the results the dow jones industrial average fell, not
Apr 6, 2010 11:00am EDT
tirelessly and courageously to find them i spoke with governor manchin of west virginia last night and told him the federal government stands ready to offer whatever assistance is needed in this rescue effort. >> jay gray joins us from montcoal, west virginia, with the very latest. jay? >> yeah, melissa. there is some frustration about those questions you talked about. about the safe practices in the mine. viilations over the last couple months for air quality and crumbling walls inside the mine, those kinds of things. over the last year, more than $380,000 in fines, but right now for most here, that's on the back burner. they're more focused on trying to find the four men that are still missing here. that's a process that's going to take some time. what they're going to do is drill 1,100 feet through the mine here to release some of the methane gas which has built up and keeping rescue crews out. miners are trained to rush to when there is any kind of emergency inside the mine shaft, those areas contain, food, water and enough oxygen for them to survive for 96 hours. time is of the essence
Apr 9, 2010 6:00am EDT
explosion in a west virginia coal mine. officials say levels of gases have dropped enough to resume the seven now but they have acknowledged it is unlikely the four missing men are still alive. nbc's brian mooar joins us from naoma, west virginia, with the latest. how are those rescue efforts going? >> well, savannah, they're proceeding at least today. these rescue workers went in a little after midnight and supposedly been making some progress. we'll get an update in half appear hour, what they found at this point. yesterday was a day of disappointment when they got within 500 feet of place they believe these missing miners might have bunkered down if they were able to survive this blast, that's considered unlikely, and time is running out today, because if they were in that shelter area, oxygen would be running out. meanwhile, nbc news has learned this upper big branch mine has been cited a startling number of times in the last decade. this information hasn't been made public yet but has been provided to lawmakers who are learning this mine was cited 61 times in the past 15 months
Apr 29, 2010 4:00pm EDT
to inspire other people to do the best they could. >> reporter: height was born in richmond, virginia in 1912. over the years she excelled in academics, marched with martin luther king jr. are and led the national council of negro women for decades. ♪ tributes and words that included a nod to height's signature style of colorful hats. >> she loved her flowers, she loved her hats, and she loved her daily sweat potatoes. >> we came to love her as so many -- loved her. love her sto we loved her smile. we loved those hats she wore like a crown. >> reporter: a final farewell to a woman ahead of her time. michelle franzen, nbc news. >> dr. height was buried at ft. lincoln cemetery in maryland. >>> the service was open to the public. many people said they were there to celebrate, not mourn, dr. height's life. >> i'm so excited and this is just -- it is history. and i'm just glad to be here. >> she is an icon. this is a civil rights icon. i have the honor to be here in person. i got a particular. amazing day only being 19, thinking of how much time i have to make an impact, i'm excited. i'm inspire
Apr 10, 2010 6:00pm EDT
of the confederacy. >> confederate history month in virginia. wasn't thrilled -- slavery worth a mention? >> slavery was the controlling central issue and i don't know anyone with historical credence to would differ with that. >> the united states has used nuclear-weapons only twice -- against the japanese cities of hiroshima and nagasaki toward the end of world war ii. afterwards japan surrendered. then the soviets wanted one and the nuclear arms race was on. president obama announced he is reworking america's nuclear strategy, scaling back the role of nuclear weapons in the nation's defense and putting limits on when they can be used. in prague the president and his russian counterpart signed an agreement to cut the nuclear weapons by one-third over the next seven years. president obama is pledging not to go nuclear against countries to abide by the nuclear non- proliferation treaty even if they attack the united states with chemical or biological weapons. the president's critics say he is weakening our defense posture. do you agree? >> know. funny, there are a lot of loopholes -- what news -- wel
Apr 28, 2010 7:00am EDT
be slow in virginia. metro is single tracking between reagan national airport and crystal city because of a derailment. >> a maintenance vehicle was on the tracks when a wheel came off. the wheel has gotten back on but metro is checking the track to make sure there is no interruption. let's get the latest in traffic from julie wright. >>> busy ride in virginia. if you are on the inner loop to springfield, ahead of you is the accident ving a tractor- trailer and pick up. traffic is able to squeeze by single file to the right. but already the delays on this inner loop are forming back at the wilson bridge out of maryland. out of oxon hill, slow toward eisenhower where again only one right lane is open toward the springfield interchange. on the outer loop, there are rubbernecking delays. and again with the sunshine delay it is very jammed up as you continue from springfield over toward eisenhower avenue. past the accident scene, the pace improves back toward maryland. that's a check of your fox 5 on- time traffic. >>> back now to one of our big stories. president hitting the road again to
Apr 6, 2010 5:00am EDT
. nicole. >>> in the united states, 25 people have been killed in a blast in west virginia. four people are still unaccounted for and rescue operations have been halted. the blast happened monday afternoon at the upper branch mine. the cause is unknown, but the mine has a history of violations for not properly ventilating highly combustible gas. massey fell more than 5% in after hours trading. >>> the finance chairman will be watching china's currency practices closely in the next week to decide on what legislation congress should pass on the issue. saturday, treshgry secretary timothy geithner delayed that decision on whether or not to actually delay their call on china, manipulating its currency. but baucus is concerned that that decision basically repeats the same failed approach to u.s.-china economic policy. >>> and a big congratulations to the men's university men's basketball team. they held on to beat the butler bulldogs, 61-59 monday night. duke coach mike khechevski led the team. new other than of the new york mets wants to payed 15 million to leave the nets, but coach k says,
Apr 28, 2010 7:00pm EDT
, which one? we have both senators on the phone, senator warner from the great state of virginia, and republican senator kit bond from the great state of missouri. gentlemen, thank you very much. mr. bond, let me begin with you, the republican caucus has changed its position, and has now agreed to unanimous consent to bring this bill to the floor. why? may i ask why, mr. bond? >> it's time we got the details of this bill laid out to the public, larry. i made a speech today, people are making speeches, we need to let the people know what's in the bill, because this bill absolutely cripples main street. we're hearing from back home, and i want the people back home to know what this bill will do to the businesses, to the credit lenders in our state, and i think every member needs to have his or her constituents know. >> are you going to bring this bill to the floor by cooperating with this unanimous consent in order to kill it, or in order to improve it, sir? >> we need to cure it. we need to do a lot of things to cure it. and i believe that there are common sense changes that can b
Apr 29, 2010 6:00am EDT
houston to virginia landed safely in greenszboro yesterday. somebody found the word bomb written on a bathroom mirror on the plane. the plane eventually made it to dulles. >>> there is disturbing news out of dulles. a cintder gated were class has come under attack. a man stabbed 28 children this morning. he also wounded two teachers and a security guard. -- a kindergarten class has come under attack. >>> the senate starts debate on the financial reform overhaul later today. republicans ended their three- did i filibuster last night -- three-day filibuster last night. >>> we'll talk more about the proposed financial overhaul coming up in today's business beat. >>> coming up next ache popular d.c. newspaper making a comeback. >>> the new immigration law in arizona is not sitting well with local lawmakers. what they are ask to you do about it. >>> we'll update the caps situation. the outcome of game seven was not good but we'll find out more.  [ beeping ] ♪ my country ♪ 'tis of thee ♪ sweet land ♪ of liberty ♪ of thee i sing [ laughs ] ♪ oh, lan
Apr 6, 2010 6:00am EDT
box" and the latest from the massey mine in west virginia where four miners remain missing. >>> good morning. welcome back to squawk here on cnbc. i'm kcarl quintanilla along wit michelle crusoe cabrera and andrew ross sorkin. >>> our top story today, an explosion rimming through a west virginia before mine owned by massey energy. four miners are missing deep journd ground and 25 are dead. federal records show it has three fatalities since 19 the 8. massey is the largest coal producer in central appalachia. we're still waiting for updates from the governor. the mine safety health administration is on-site and we're hoping that at least the four that are missing can be saved. there are air tight chambers within the mine that you can get to. there's oxygen, there's food, you can live for up to four days. but the issue st whether or not they were able to get to those chambers in time. >> historically, a very dangerous job to have. but certainly this will, again, put a laser-like focus on whether or not they're doing enough to be safe there. >> what is the insurance business like, do you
Apr 30, 2010 3:00pm EDT
investigation of what happened in the west virginia coal mining accident as well. so, there is all sorts of things where the government is involved in investigations or potential investigations out there which is part of the whole reputational risk and risk going forward. >> and all of the risk that is playing in the equity market, and on the flipside, it is having a real positive effect here with commodities, and it is not the only reason why we are seeing the commodities higher today, but the concerns out there, and the fact that particularly in the gold markets people don't know what is going to happen with greece. they want to cover themselves in terms of being in a safe haven and looking to gold, and that has gold prices today closing for a record of the year where we are above 1180 and we will see 1200 like we did in december which is the way that the gold is going. in other commodities the risk trade is back on and this is not counting with bp and the impact it is having on oil prices and the psychological support there. >> yes, a great point, because gold once again acting as the
Apr 9, 2010 7:00am EDT
forced to pull out again from the coal mine in west virginia where four miners are missing after that explosion that killed at least 25 people. according to safety officials, the rescue teams were heading to a refuge chamber, where they hoped to find the missing miners, but those rescue operators then discovered signs of fire and smoke in the mines. they were then ordered to retreat immediately. this, by the way, is the third time sense monday that the rescuers have been pulled back because of the dangerous conditions. another story we want to bring to your attention from afghanistan, nato officials confirming that a u.s. air force aircraft has crashed in southeastern afghanistan, killing three service members, as well as one government contractor. they were injured and taken to a military base for treatment. taliban spokesmen claiming the militants shot down the aircraft, but nato is saying only that the crash is under investigation. again, that aircraft killed three service members happening overnight in afghanistan. back to your calls. the focus of the first 45 minutes is on t
Apr 22, 2010 6:30pm EDT
, virginia neighborhood once sold for close to $400,000. prices now are half as much. that makes owning an affordable option for first time home buyer issa viayrada. a high school spanish teacher, she's ready to settle down and has been shopping for a home. while she's made several offers, she hasn't had much luck. >> in this area, it's not so much about finding a house, it's about losing it to the highest bidder. >> reporter: the higher bidding is coming from investors, some who want to buy and rent the home, and others who want to flip it. one thing they have in common, says realtor mario rubio, is cash. >> the sellers or banks own, they would prefer to make a deal with a cash offer, which makes sense at this time, because the banks have been waiting, trying to sell these properties for so long. >> reporter: cash buyers now make up a quarter of the market, 10% is considered a normal level. in markets like d.c., southern california, and florida, those investors are pushing out first time buyers. some homes, like this one viayrada is looking at, were sold only a few months ago and now a
FOX News
Apr 23, 2010 11:00am EDT
. this is the trial of petty officer second class jonathan keefe of new yorktown, virginia. they don't want his picture shown because it's in special operation. use accused of dereliction of duty. he's chose to go have the case heard by the judge and there won't be a jury as in the case of julio huertas. jane: and huertas was found not guilty. does that mean the possibility of acquittal is pretty high for the others? >> reporter: it's possible. the biggest concern would be for matthew mccabe, he's the navy seal actually accused of punching the prisoner in the stomach. mccabe's attorney says the case has been laid out in the trial of huertas and in the trial of keefe and the jury didn't believe the allegations in the last trial. mc-- i'm sorry, huertas was found not guilty so he's sure keefe and mccain will also be found not guilty and he talked with me this morning about mccabe's reaction to the acquittal of huertas. let's listen. >> i woke up yesterday to an effusive e-mail from my client, he was shouting and overjoyed, and he anticipates keefe will meet the same result as will he, he's very c
Apr 12, 2010 12:00pm EDT
might get a better connection. chantilly, virginia, you are on. >> caller: can you hear me. >> host: mute your television and radio. >> caller: it is muted. good morning, america, mr. quaid, dr. denham. i have, you know, i certainly advocate the utilization of bedside bar-coding but about five years ago i was involved in a car accident and i was taken to one of the most prominent hospitals in the district and what happened was, after, receiving surgery and all that good stuff, i remember waking up in the morning, and just feeling very light-headed. and i had been administered heparin but i recall, lifting my bedsheets and being in a pool of my own blood. now, what ended up happening was, i had lost 75% of my blood because someone, excuse me, forgot to do a blood count. now, i don't know if i was given too much heparin or if it is just based on human error. i eventually, spoken with the doctor who was supposed to do the blood count but, regardless, nonetheless i feel like i really haven't explored the, like courses of action, viewed my options, you know, -- >> a portion of this morni
Apr 19, 2010 6:00am EDT
're stuck in the middle because of what's going on. it's been especially hard for one virginia couple stuck in amsterdam. they have four kids under the age of 9 years old and all at home waiting for mom and dad to get there. >> reporter: what was supposed to be a few days in europe to visit family is now going on two weeks. sadness, separation and a lot of internet skyping for the pattersons of midlothian. parents jen and steve are among millions stranded. >> our flight tomorrow is canceled because the stuff in the air is too dangerous. >> i'm dying to see you guys. this is the hardest thing mommy has ever done. you are the bravest kids in the world. i love you so much. i know that you're being so loved and taken care of there. >> reporter: a grandmother had been watching the children. >> mommy is making a funny face. can you make a funny face to mommy? >> reporter: now friends are pitching in. >> the kids run out today after your mom gets here and john will moe the grass. >> how is it looking? >> a little rough. >> reporter: even rougher for them, the anxiety of being apart. the family spe
Apr 19, 2010 6:00am EDT
the end of the month. well, for example, one couple from virginia was in europe. what was supposed to be just a few days, but now that's turned into two weeks. >> our flight tomorrow was canceled. >> oh. >> so because the stuff in the air is just too dangerous. >> i am just dying to see you guys. this is the hardest thing mommy's ever done. you guys are the bravest kids in the world. i love you so much. >> love you, too. >> you're just so loved and being taken care of there. >> aw, see those little faces looking at their mom and dad on skype. well, the weather is constantly changing the amount of ash that's concentrated over europe's flight paths. let's go to meteorologist bonnie schneider in for bob this morning for a little more on that angle of the story. what do you think? >> robin, i think that it looks better today than it did saturday and sunday. here's why. looking at our flight explorer across much of europe, what you're seeing are these blue xs. that's where we have transponders not picking up any activity. where you see the yellow planes, that's where we are seeing activ
FOX News
Apr 24, 2010 4:00am EDT
justice right doeven the road in virginia. senior correspondent brian wilson is here with details. good evening. >> reporter: there be pirates in norfolk, virginia. not the movie kind, but 11 somali men accused of piracy and plundering and terrorizing the seas around the horn of t? small boats and rocket-propelled grenades. they will be dried in checs. federal courts a-ser making a mistake to attack two navy vessels they thoneeht were her chant shtrials. five were engaged with the skirmish with uss nicholas that sank theifi small b-mt and confiscated the mother ship and the others shot at the uss ashland on april 10, as it was 380 miles off the coast of jabuti. the u.s. attorney believes he has a pretty good case here. Ãyo> the justice d fartment believes that piracy attacks on u.swo cuinterests whether persons, vessels, whether commercial, private, military, is a significant issue in any alleged attack onpfr.swo cuinterests will be, will be dealt with in an appropriate macteer. Ãyo> reporter: why in norfocorr and the u.s. court system? norfolk is the home port of the two ships invwo
FOX News
Apr 28, 2010 3:00pm EDT
.s. the two ships involved, the port of their home base is norfolk, virginia, which is why the cases are in federal court in virginia. >> katherine, thank you. >>> now the crippling financial crisis in greece. a debt disaster, which is set off a ripple effect in markets around the globe. today president obama says the situation is of great concern. greece is asking the european union for a major bailout because leaders say it cannot meet a may 19 deadline to repay its debt. the credit agency standard & poor's downgraded greek bonds to junk status, the bonds which people purchased in great numbers are high risk of default. now there's concern the problem could pretty to portugal, spain and ireland. lehman brothers and bear stearns? remember? with us the host of news hub web show simon constable. the "wall street journal" owned by the parent company of this network. >> good to see you. >> sounds like they were covering their debt. >> cooking the books is what we call it. trying to hide how indebted they were and they were too indebt to be part of the euro zone and this could -- the pro
Apr 27, 2010 6:00am EDT
. meantime, northrop grumman is moving its headquarters, relocating to the virginia suburbs california. company is said to want to be closer. bob mcdonnell will make an announcement on that today. >>> general motors reportedly choosing its engine plant outside buffalo, new york, to build a new v-8 engine. that news conference is planned today. they will be announcing a $400 million investment for a next generation engine and the venture is expected to create or retain more than 700 jobs. >>> the president's commission on national fiscal responsibility on reform will meet this morning. joining us is a member of the special commission, also a member of the budget and finance committees and, jeb, thank you forp joining us this morning. what are you expecting in this meeting? >> well, that's a good question. like i approach most things in washington, i go in with high hopes and low expectations. high hopes, we have a very serious spending crisis that ultimately our spending is unsustainable and we are going to have lower per capita gdp if we don't do something about it. some of these commi
FOX News
Apr 23, 2010 9:00am EDT
. then a third trial begins next month in the state of virginia for matthew mccabe, he faces the most serious charge, accused of roughing up the suspect, then lying about it. the detainee was the suspected mastermind of the murder-mutilation of four american contractors in fallujah. steve centanni is back on the story again today, live in washington. the latest about this trial is what today, steve, what can we expect? >> reporter: well, it is the second navy seal as you said, petty officer second class jonathan keefe of new yorktown, virginia, going on trial today. like the others he pleaded not guilty to the charges of dereliction of duty. well, the one charge against him. and in this case, that means he failed to protect the prisoner in his custody. keefe at first wanted a jury trial, but he's changed his mind on that and now his case will be heard only by a military judge and the case will be decided solely by that judge. keefe appeared in court wearing his navy uniform, seated between two attorneys, one civilian, one military. and he heard the testimony against him, including once again
Apr 7, 2010 12:00pm EDT
of the west virginia mine explosion and has recovered the bodies of seven. the company continuing to face major scrutiny days after that major accident. hampton pearson joins us with the latest. >> while the rescue effort goes on in west virginia, massey energy is under fire from both wall street and organized labor. with the labor department just announcing a special team to investigate the explosion. in addition to the 10% hit the stock took yesterday, massey shares are losing more ground today. s&p is saying it might cut massey's bond rating already three ratings below investment grade because the mine disaster might trigger regulatory scrutiny. it is estimated it could lose $50 million in earning due to lost production at the west virginia mine. the coal mining giant continues to come under fire for its safety record at the upper big branch mine. today afl-cio omanager weighing in saying "massey mine and its ceo don blankenship have been cited for over 450 safety violations. massey paid over $1 million in fines in the past year alone. and has failed to pay out hundreds of thousands of
FOX News
Apr 23, 2010 1:00pm EDT
, virginia. his picture is not being released because of his job in special operations. now, keep in mind, keefe did choose to have a judge decide the case, instead of a jury. the judge's words will be the final one. he's charged only with dereliction of duty which means in this case he failed to protect a prisoner in his custody, shannon. shannon: steve, you mentioned julio huertas, he's been acquitted, that happened yesterday. do we know if that gives us an indication of whether keefe may be cleared? >> it's certainly an indication but no guarantee. the defense attorneys think it's very good news and they're optimistic. matthew mccabe, the only navy seal charged with actual assault in this case will stand trial in may and his attorney told me today all the facts this the -- in the case have already been laid out in wednesday's trial of huertas and the jury rejected them. according to neal puckett, one of the main witnesses, the accused terrorist, ahmed hashim abed simply can't be believed when he claims he was beaten up. let's listen. >> the underlying assault was presented to the jury
Apr 28, 2010 5:00pm EDT
from virginia beach. dennis, what is the trade here? >> well, first of all, very boring, very boring end to an fomc meeting. we had the same terminology for all intents and purposes, and we know that the fed has no intention of tightening monetary policy for an extended period of time. certainly on into the autumn. the fed loves the fact that it might even create inflationary psychology, which drives the long end of the curve higher. rates at the long end higher. in order to keep the yield curve positively sloped, the fed loves a positively sloped curve because it knows it reliquefies the banking system in the best possible manner. so -- >> so the meeting bored you. but what trade is exciting you, dennis? >> the trade that excites me out of this is probably it means the canadian dollar will continue to get stronger because canada's going to tighten their rates, that's going to drive money to canada. it also probably means the gold market continues to go higher. i've been bullish with gold for a long time. but gold in terms of foreign currencies, that was in the last 24 hours, 48 hour
FOX News
Apr 30, 2010 7:00pm EDT
deepening its investigation of the coal mine explosion that killed 29 people in west virginia earlier this month. the mine's owner massey energy company faces questions about repeated safety violations. law enforcement officials say the feds have interviewed nearly two dozen current and former massey employees, just in recent days. we're told investigators are looking for evidence that the company engaged in criminal negligence. a spokesman for massey says the company is cooperating and that it denies any wrongdoing. massey's stock plunged an additional 11% today. another twist in the tale of the iphone prototype reportedly lost by an apple employee at a bar in northern california. in case you haven't heard about it, the gadget blog gizmodo published pics and video from the thing a couple weeks ago. apple asked for it back, gizmodo obliged. the saga is turning into a criminal investigation. we are learning that 20-year-old brian hogan is the man who sold the phone to gizmodo for reported $5,000 and he is playing defense. his lawyer says somebody else found the phone on a bar stool and
Apr 12, 2010 7:00pm EDT
virginia coal mine today to recover the bodies of the last nine miners from last week's deadly explosion. 29 men were killed. a team of federal investigators also was scheduled to arrive today, to begin work on what caused the blast. a new debt assistance deal for greece won a favorable response on world markets today. on sunday, european leaders agreed to lend the greek government up to $40 billion if it's needed. the international monetary fund would contribute another $13 billion. the move eased fears that greece could default on its debt. on wall street, the dow jones industrial average gained eight points, closing above 11,000 for the first time since september of 2008. the nasdaq rose more than three points to close near 2458. the 2010 pulitzer prizes were announced today. the "washington post" led the way with four awards. the "herald courier" of bristol, virginia, with only seven reporters, took the public service prize for stories on mismanaged natural gas royalties. and "pro publica" shared an award for investigative reporting, a first for an online-only news organization. amon
Apr 27, 2010 7:00pm EDT
today after the west virginia mine explosion that killed 29 men. joe main of the mine and safety health administration, or msha, said going to federal court is one option. he also asked for beefed-up powers. >> unlike other agencies, that enforce federal law, msha lacks the authority to subpoena testimony and documents as part of its investigative process. its criminal penalties must be enhanced so that the threat of jail is real for the worst offenders. violations of key standard laws or key safety laws should be felonies and not misdemeanors. >> sreenivasan: massey energy, he operator of the west virginia mine, had numerous safety violations. the cause of the fatal blast is still under investigation. the drug maker astra-zeneca has agreed to pay more than half a billion dollars to settle a federal case. it involved the anti-psychotic drug seroquel, used to treat schizophrenia and bipolar disorder. the food and drug administration charged the company promoted the drug for insomnia and other uses that had not been approved. sales of the medicine totaled nearly $5 billion last year. anot
Apr 6, 2010 12:00pm EDT
virginia now giving a press conference on the worst u.s. mine disaster in more than 20 years. in the town of montcoal, west virginia, at least 25 miners dead now in an explosion and four others are still missing. this mine is owned by massey energy which has had its share of osafety violations in recent years. hampton pearson has more now. >> hello, tyler. massey energy safety record will be scrutinized why the exact cause of this tragedy goes on. last year inspectors found more than 450 violations and fined massey in excess of $382,000 related to problems involving its ventilation equipment plan at the upper big branch mine where this latest tragedy has, in fact, occurred. the second time in four years coal miners has died. the death of two miners in 2006 triggered a then record $1.5 million fine from federal mine safety regulators. in the last three years massey the largest coal minor has been cited for multiple violations. a union mine safety expert says there's a reason those mines and others stay open. >> operators have learned that they can beat the system by doing this. to avoid ho
Apr 7, 2010 6:00am EDT
of the ticketing practices. it's amazing. >>> when we come back, the mining accident in west virginia raising some more safety concerns. the congressman from the state's third district will tell us how the industry should react to this incident and other violations when "squawk box" comes right back. 00-345-2550 every online equity trade is now $8.95 tdd# 1-800-345-2550 no matter your account balance, how often you trade tdd# 1-800-345-2550 or how many shares... tdd# 1-800-345-2550 you pay what they pay what everyone pays: $8.95. tdd# 1-800-345-2550 and you still get all the help tdd# 1-800-345-2550 t you expect from schwab tdd# 1-800-345-2550 millions of investors. one price. tdd# 1-800-345-2550 at charles schwab... tdd# 1-800-345-2550 investors rule. tdd# 1-800-345-2550 are you ready to rule? >>> checking the dow futures right now, they indicate a lower open. not by much, though, if you were to include fair value. next, we set up the trading day. the treasury auction at 1:00 during "power lunch." what it's going to move for the dow's move toward 11,000. >>> and then west virginia congressman nic
Apr 12, 2010 7:00am EDT
. host: melvin, republican. virginia. caller: good morning.. we aught to look at the first stimulus and what it supposed to do and what it ended up doing. we're not the first obama stimulus. we were supposed to have no more than 8% unemployment. i think we should be worried about that and only use money for emergency purposes so, the thing is it's unnecessary to have stimulus every time something goes on or wrong. for anybody that agrees with the democrat side, could you keep race out of the equation for a change. thank you. host: melvin called. the richmond times has a front page article courtesy of the jobless benefit fund is depleted and the state is expected to borrow 1 point 2 billion to pay claims. ferdinando, democratic caller? just make sure you turn down your radio or television. caller: my name is doctor ferdinando and i'm calling, the reason is, we got so many people losing jobs and they're talking about that's not the place for it. we've been in this mess before and everybody blamed the president. i just want to make my comment and let people know it's not obama fault
Apr 29, 2010 7:00am EDT
.s. as a tomorrow country, thinking about the future, john, arlington, virginia, independent line. caller: i disagree with pretty much everything president clinton ever said - as far as i'm concerned, every time he speaks he is a threat to our constitution. host: in what way? caller: the previous caller mentioned nafta and gatt and i recall ross perot in those debates and everything he said came true. and the giant sucking sound of jobs -- well, we are trillions of dollars in debt because of these contests and ideas which suggest that our constitution to this kind of inverted market. they are still totting this globalism and sacrificing the competition of the united states and security as a result and that is why people want to come here, why they wanted to come here. but when he is talking about bringing in a foreign attitude -- because that is what you're doing -- you have to assimilate. you can't assimilate if you dilute the constitution and sacrifice it for some global principle. that is pretty much exactly what all of these and national leaders all over the world are trying to do right
Apr 9, 2010 6:30pm EDT
that stretches from west virginia to new york saw buying. rex energy, exco resources and range resources, each up 4% or more on heavy volume. as jeff reported earlier, hopes are high merger activity is beginning to pick up. certainly merger rumors are picking up. not a week goes by recently without some kind of merger rumor fueling big volume in shares of palm. the latest speculation came today from a chinese language version of a technology news website, reporting smart phone maker h.t.c. is talking to palm. the stock was among the most active. jacobs engineering group also is in the rumor mill as a possible private equity buyout target. and casey's general store stock shot up after it rejected a hostile buyout from a canadian convenience store operator. insurance giant aetna will have to stop enrolling new customers in its medicare advantage or medicare prescription drug plans beginning april 21. the federal government ordered the halt because aetna has not followed certain requirements for the drug prescription plans for seniors. shares of aetna dropped below $33 a share at mid day when the ne
Apr 27, 2010 6:30pm EDT
in the recent disaster in west virginia that killed 29 miners. the inspectors say they found several serious safety violations at all three mines. massey agrees there were some violations and it has fired several employees, but the company disputes some of the government's other findings. >>> also today, the nation's top mine safety officer told congress he will start going to court to shut down mines that regularly violate safety rules. >>> when our broadcast continues in just a moment, the women of walmart. their lawsuit to level the playing field and what it might mean for millions of other women. [ male announcer ] bobby sinclair. trugreen's taught me a lot. like how every lawn is different. some people want a place to play... others, a place to chill. yo, b. but i've learned from trugreen if you treat every lawn special, the sky's the limit. i'm gonna go public next summer. what's crackin, baby?! bobby! [ male announcer ] call 877-trugreen and get a customized plan for a healthy, green lawn, guaranteed. best lesson i've learned? mow on sunny days. lawn's looking good, bobby. my pleasure
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